Westamerica Bancorporation (WABC) investor relations material

Executive summary

• Q3 2026 net income was $28.2M and diluted EPS was $1.22, versus $27.4M and $1.17 in Q2 2026.

• Stable deposits and low funding costs supported a 3.81% annualized net interest margin; no Q3 provision for credit losses was recorded.

Financial highlights

• FTE net interest and loan fee income was $53.5M, down 0.6% YoY and up from $52.7M in Q2; noninterest income was $10.7M, up 5.4% YoY.

• Q3 net income declined 0.4% YoY to $28.2M, while diluted EPS rose 8.9% to $1.22 as diluted average shares fell 8.8%.

• 9M 2026 net income was $82.9M, down 6.2% YoY; diluted EPS increased 3.5% to $3.52.

• Total assets were $5.79B at Sept. 30, down 2.0% YoY; accumulated other comprehensive loss widened to $202.8M from $99.9M.

Key financial ratios and metrics

• Annualized net interest margin was 3.81%, up 4 bps QoQ and 1 bp YoY; earning-asset yield was 4.07% and funding cost was 0.26%.

• Q3 return on common equity was 11.5% and return on assets was 1.86%; the FTE efficiency ratio was 40.8%, versus 41.3% in Q2 and 40.3% YoY.

• Nonperforming assets were $476K and the loan allowance was $10.5M at Sept. 30; allowance coverage was 1.60% of loans.